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EURUSD analysis 12.08.2020

12.08.2020

Market Review

EURUSD 

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H4 level pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

Buy strictly when an ascending wave pattern is formed, where the wave (as) breaks through the pivot of the second C wave (1.1764).

Stop Loss is 1.1711.

The goal is 1.1903.

When the profit is equal to the stop order, close the ½ position and move to breakeven.

Author: admin
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